Stablecoins, to put it simply, are a confidence game. They are usually used as cash in everyday life, but once someone starts asking "Where are the reserves," the panic withdrawal sentiment spreads like contagion. Actually, everyone understands that transparency isn't for show; it's so that people can still sleep soundly during the most anxious times. I currently keep two or three commonly used ones, and the rest are mostly lying on-chain or in short-term durations, too lazy to chase that tiny interest.

Recently, the airdrop season has heated up again, and the task platforms are acting like clocking in for work with anti-witchcraft measures. Everyone is daily earning points, which actually feels quite like queuing before a run on withdrawals: everyone fears they might not get their money at the end. Anyway, I’m not really fussing anymore; the fewer steps, the better. Just waiting patiently for the next Aurora.